The Character Lab Inc

“The organization's bylaws states that the board may establish an executive committee. During the tax year there was not an active executive committee.”

“The organization filed a certificate of dissolution effective june 30, 2024.”

“The form 990 is prepared by an independent accounting firm and then reviewed by the organization's director of finance and operations as well as the executive director. Prior to its submission, the audit committee was provided with a copy of the draft form 990. The form 990 was also provided to each board member prior to filing with irs.”

“The organization has a conflict of interest policy that applies to its directors, officers, key employees ("covered persons"). Per the policy, disinterested directors are responsible for reviewing any actual or potential conflict of interest between the organization and a covered person and for determining an appropriate organizational response to protect the interests of the organization. Covered persons are also under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known or reasonably should be known when there was an actual or potential conflict of interest between the organization and a covered person with respect to a specific proposed action or transaction, the disinterested directors approved such action or transaction, as documented in board meeting minutes.”

“To set compensation for the chief executive officer, the organization employed an external consultancy in 2023 who completed a market scan of peer organizations. The resulting comparison was shared with the governance committee of the board, who have responsibility for approving and monitoring compensation for executive leadership. The deliberation and final decision are timely documented via email.”

“The governing documents, conflict of interest policy, and financial statements are available for inspection upon request.”

“All programs ceased june 30, 2024.”

“Consulting fees: program service expenses 375,331. Management and general expenses 2,600. Fundraising expenses 1,457. Total expenses 379,388. Marketing and branding services - innovation fund: program service expenses 221,895. Management and general expenses 200. Fundraising expenses 0. Total expenses 222,095. Core products service contract: program service expenses 298,367. Management and general expenses 0. Fundraising expenses 0. Total expenses 298,367. Program research: program service expenses 40,022. Management and general expenses 0. Fundraising expenses 152. Total expenses 40,174. Custom engineering: program service expenses 110,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,100.”